David Miller, Investment Director, Quilter Cheviot The pace of significant political and economic events seems to have picked up over the past couple of years, and there is every indication that this will continue next year too. Without a doubt, these events can be seen as aftershocks of the financial crisis, and it is therefore […]
US US stocks gained 0.5% yesterday, buoyed by optimism surrounding the tax reform agenda. Gains for the index were broad based across sectors, with Materials and Telecoms the standout performers and Utilities the primary laggard. Technology stocks also enjoyed a positive session, highlighted by the fact that the Nasdaq index broke the 7,000 level for […]
US US. stocks gained with the dollar as investors assessed messages from the Federal Reserve and European Central Bank meetings this week with concerns lingering about the prospects for U.S. tax overhaul. Uncertainty surrounding the fate of U.S. tax reform continues as investors look to the end of a stellar year for equities. Europe […]
US US equities traded higher, oil prices retreated from recent highs and the US dollar gained following better than expected US producer price inflation data. US headline producer prices rose 0.4% last month, higher than expected, for a yoy increase of 3.1%. Core inflation (excluding food and energy) rose 2.4% yoy, it’s fastest pace since […]
US US. stocks rose as investors evaluated the outlook for a final tax bill, while the dollar advanced for a fourth day and oil rebounded from its worst selloff in two months. The S&P 500 ended a four-day losing streak, rising 0.3%, with industrial and consumer discretionary shares among the best performers in a modest but broad rally that […]
US Most U.S. stocks fell yesterday, with tech shares fading in afternoon trading, as investors assessed the impact of proposed tax cuts. American equities failed to hold early gains for a second straight day, with industrial shares dragging the S&P 500 Index lower by 0.4%. In political news, House and Senate lawmakers are poised to […]
US US. equities were unchanged as investors mulled over better-than-expected GDP data and reports of a missile launch in North Korea. Bank stocks climbed on hopes for tax-reform progress while technology shares came under pressure. The Senate Budget Committee sent the tax bill to the full chamber which will be voted on as soon as […]
US Stocks on Wall Street rose to fresh record highs yesterday, with Financials leading indices higher following testimony by Jerome Powell – President Trump’s Fed Chair nominee – before the Senate banking committee. Mr Powell set the stage for further rate rises and said the existing rules on banks were “tough enough” to ensure a […]
US US. equities ended Monday little changed as declining oil prices pulled down energy stocks at the start of a busy news week. Crude Oil slipped after U.S. drillers expanded operations while OPEC and Russia prepare to discuss longer supply curbs. In political news, the U.S. Senate tax bill is set to be debated this week. President […]
US A rally in oil and optimism at the mall buoyed U.S. stocks to a record on Friday, with the index rising 0.2%, at the traditional start of the American holiday shopping season. The S&P 500 currently has achieved a 1.5% total return for November so far. If the index ends November in positive territory […]